Bank of New York Mellon Corp raised its position in IAC/InterActiveCorp (NASDAQ:IAC) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 361,111 shares of the company’s stock after acquiring an additional 8,971 shares during the period. Bank of New York Mellon Corp owned about 0.44% of IAC/InterActiveCorp worth $44,155,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of IAC. Fieldpoint Private Securities LLC bought a new stake in IAC/InterActiveCorp during the 3rd quarter worth approximately $105,000. Cerebellum GP LLC bought a new position in IAC/InterActiveCorp in the 4th quarter valued at $124,000. LS Investment Advisors LLC bought a new position in IAC/InterActiveCorp in the 4th quarter valued at $146,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in IAC/InterActiveCorp in the 4th quarter valued at $147,000. Finally, Timber Hill LLC bought a new position in IAC/InterActiveCorp in the 3rd quarter valued at $208,000. 86.88% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently issued reports on IAC. Credit Suisse Group restated a “buy” rating and issued a $151.00 price target on shares of IAC/InterActiveCorp in a research report on Tuesday, January 9th. BidaskClub raised IAC/InterActiveCorp from a “hold” rating to a “buy” rating in a research note on Saturday, January 6th. Guggenheim reaffirmed a “buy” rating and set a $150.00 price objective on shares of IAC/InterActiveCorp in a research note on Friday, December 22nd. Cowen reaffirmed a “buy” rating and set a $180.00 price objective on shares of IAC/InterActiveCorp in a research note on Friday, February 2nd. Finally, Wells Fargo reissued a “buy” rating and issued a $168.00 price target on shares of IAC/InterActiveCorp in a research note on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $164.52.
Shares of NASDAQ IAC traded down $5.41 during midday trading on Monday, reaching $150.97. The company’s stock had a trading volume of 953,539 shares, compared to its average volume of 819,129. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.67. IAC/InterActiveCorp has a fifty-two week low of $73.62 and a fifty-two week high of $166.64. The company has a market cap of $12,926.06, a price-to-earnings ratio of 196.06, a PEG ratio of 4.77 and a beta of 1.23.
IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.12. IAC/InterActiveCorp had a net margin of 9.22% and a return on equity of 2.42%. The company had revenue of $950.59 million during the quarter, compared to the consensus estimate of $894.74 million. equities research analysts forecast that IAC/InterActiveCorp will post 3.93 earnings per share for the current year.
In other news, EVP Gregg Winiarski sold 62,253 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $127.19, for a total transaction of $7,917,959.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.30% of the stock is owned by insiders.
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IAC/InterActiveCorp Company Profile
IAC/InterActiveCorp (IAC) is a media and Internet company. The Company’s brands include HomeAdvisor, Vimeo, Dictionary.com and Match Group’s online dating portfolio, which includes Tinder, PlentyOfFish and OkCupid. Its segments include Match Group, HomeAdvisor, Video, Applications and Publishing. Match Group includes the dating and non-dating businesses of Match Group, Inc HomeAdvisor is a home services digital marketplace that helps connect consumers with home professionals in North America, as well as in France, the Netherlands and Italy under various brands.
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